Winston Hotels Announces Earnings Date

16 April 2003

Winston Hotels, Inc. (NYSE: WXH), today announced that the Company will announce financial results for the first quarter ended March 31, 2003 prior to the opening of the market on Wednesday, May 7, 2003.

Also, on May 7th at 10:00 a.m. (EST) Winston Hotels, Inc. will host a conference call to discuss the results. To hear the call in a listen-only mode, please dial 888-428-4474. Please state that you are dialing into the Winston Hotels, Inc. first quarter results call. A replay of the call will be available for seven days after the call by dialing 800-475-6701 access code #681906.

The call can also be accessed via the Internet live or as a replay at www.winstonhotels.com. The conference call will be available for replay on the Company`s web site shortly after the call and for 30 days thereafter.

About the Company: Raleigh, North Carolina-based Winston Hotels, Inc., is a real estate investment trust specializing in the development, acquisition, repositioning and active asset management of premium limited-service, upscale extended-stay and full-service hotels, with a portfolio increasingly weighted toward the leading brands in the lodging industry`s upscale segment. The company currently owns or is invested in 52 hotels with 7,200 rooms in 17 states, which includes: 44 wholly-owned properties with 6,141 rooms; a 49 percent ownership interest in three joint venture hotels with 453 rooms; a 13.05 percent ownership interest in two joint venture hotels with 215 rooms; and, a mezzanine financing interest in three hotels with 391 rooms. For more information about Winston Hotels, visit the Winston Hotels Web site www.winstonhotels.com.

For more information on Winston Hotels visit the Winston Hotels page at www.winstonhotels.com